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Small Business Administration

FintechNews RoundupUSA
·May. 18, 2020

Changes Coming to PPP Program

Lawmakers and other government officials are working to make changes to the Paycheck Protection Program; there has been slowing demand...
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FintechNews RoundupUSA
·May. 11, 2020

New Guidance Slows Firehose of Funds from the PPP

When the government announced the first tranche of funding for the Paycheck Protection Program (PPP) there was a flood of...
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FintechNews RoundupUSA
·Apr. 30, 2020

Treasury and SBA Temporarily Disallow Loan Applications From Big Banks to Focus on Small Lenders

On Wednesday the Treasury and Small Business Administration shared that they would prevent big banks from using the loan portal...
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FintechNews RoundupUSA
·Apr. 22, 2020

SBA Data Breach Impacts 8,000 Small Businesses

The Small Business Administration recently started contacting applicants who applied under the Economic Injury Disaster Loan program to inform them...
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FintechNews RoundupUSA
·Apr. 15, 2020

New Data Shows Customers Trust Their Banks

Trust in banks was crushed during the financial crisis and as recently as last year banks ranked only ahead of...
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FintechNews RoundupUSA
·May. 11, 2020

Fintechs Hope for Long Term Relationship with SBA

Fintech lenders are hoping their participation in the Paycheck Protection Program will lead to working with the Small Business Administration...
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FintechNews RoundupUSA
·May. 6, 2020

How the SBA’s E-Tran System Became the Center of the PPP

The government did not have a good mechanism for extending $670bn in small business loans and the SBA’s E-Tran came...
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FintechNews RoundupUSA
·Apr. 27, 2020

The Inside Story on How Big Banks Dominated the First Round of PPP

The first round of the Paycheck Protection Program was a mix of chaos, confusion and favoritism with $349bn being sent...
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FintechNews RoundupUSA
·Apr. 20, 2020

Fintech Lenders Hope PPP Refresh Will Cater to Small Companies

The average loan size for PPP loans to date is $240,000 which fintech lenders have argues is catering to bigger...
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FintechNews RoundupUSA
·Apr. 14, 2020

Mark Cuban Says Banks are Leaving SMBs Out in the Cold

Mark Cuban says banks are not acting quickly enough to extend credit to small businesses through the Small Business Administration’s...
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